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Eskom board called on to prove utility not trading recklessly

The Institute for Accountability in Southern Africa has written to Eskom chairperson Jabu Mabuza requesting a detailed written explanation as to why the current board believes the State-owned utility can be rescued from its current financial distress, cautioning that Eskom may currently be trading “recklessly” in terms of the legislation governing companies in South Africa. […]

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22 January 2018 The Chairman Eskom Holdings SOC Limited Mr Mabuza Per email: …………………….. Copied to: The Minister of Finance The Minister of Public Enterprises Mr Mabuza Re: SOLVENCY AND LIQUIDITY OF ESKOM SOC LIMITED (“ESKOM”) 1. Customers of ESKOM who have paid advance service deposits for the supply of electricity by Eskom must be […]

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Gordhan should focus on cutting cadre deployment and stemming corruption

Money saved can go to housing, education and healthcare, and infrastructure development can create youth jobs, writes Paul Hoffman (published in Bdlive) Finance Minister Pravin Gordhan is seeking tips from ordinary folk in the run-up to the medium-term budget policy statement. It is undeniable that the triple challenges of poverty, unemployment and inequality are the […]

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